Beacon Financial Group Has $870,000 Position in iShares Europe ETF (NYSEARCA:IEV)

Beacon Financial Group cut its position in iShares Europe ETF (NYSEARCA:IEV) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,943 shares of the company’s stock after selling 738 shares during the quarter. Beacon Financial Group’s holdings in iShares Europe ETF were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of iShares Europe ETF by 305.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 228,039 shares of the company’s stock worth $11,872,000 after purchasing an additional 171,836 shares during the period. Royal Bank of Canada raised its stake in iShares Europe ETF by 42.2% during the fourth quarter. Royal Bank of Canada now owns 540,499 shares of the company’s stock worth $28,138,000 after buying an additional 160,380 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in iShares Europe ETF in the fourth quarter valued at $2,813,000. Zurich Insurance Group Ltd FI acquired a new position in iShares Europe ETF in the fourth quarter valued at $2,567,000. Finally, Jane Street Group LLC boosted its position in iShares Europe ETF by 11.3% during the fourth quarter. Jane Street Group LLC now owns 452,238 shares of the company’s stock valued at $23,544,000 after acquiring an additional 46,067 shares during the last quarter.

iShares Europe ETF Price Performance

Shares of NYSEARCA:IEV opened at $63.77 on Friday. iShares Europe ETF has a 1 year low of $51.30 and a 1 year high of $64.16. The business’s 50-day moving average is $59.75 and its 200-day moving average is $57.01. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.18 and a beta of 0.91.

iShares Europe ETF Company Profile

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.